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Champion is phasing out an exclusive line at Target and Wall Street isn't pleased.Hanesbrands, the parent of Hanes, Champion, Maidenform and Playtex, plunged 19% on Wednesday after it told investors that it would end a longtime deal with Target.The company reported that its profit last quarter fell 18% from the same time last year because costs and expenses both grew, adding to the stock selloff.Hanesbrands has partnered with Target, selling the C9 by Champion men's, women's and children's activewear clothing and shoe brand for 15 years. But the company won't renew its contract for the line with Target when it expires in early 2020.Once the deal lapses, Hanesbrands will still sell clothes there. The retailer accounted for 13% of the company's .4 billion in sales last year and was the biggest customer in its activewear business. Target was Hanesbrands' second largest buyer overall behind Walmart.C9 has been a big cash driver for Hanesbrands, raking in 0 million in sales over the last 12 months. The line also includes sports equipment and extends to plus-size shoppers and pregnant women.Champion is the company's second-largest brand behind Hanes, and it has been growing as it heads to retailers in new markets, including Europe and Asia. Champion has benefited from partnerships with designers and brands like Supreme."Consumers are demanding brands with athletic authenticity," CEO Gerald Evans told analysts on a call Wednesday. "We have driven a brand elevation strategy for Champion to capitalize on these consumer dynamics."The brand's global sales grew 18% last quarter, and Hanesbrands projects Champion will reach more than billion in sales by 2022.Although the company said ending the C9 contract with Target won't affect its long-term forecast for Champion, analysts grilled Hanesbrands executives for answers on why the deal expired and how it planned to replace C9 sales.Evans said Hanesbrands hasn't determined whether it will end the line after 2020, but he left the door open to continuing C9 at another retailer: "There is equity in that brand."One analyst on the call, Doug Thomas at Gamco Investors, believed Target made a mistake by walking away from C9."I just feel like Target must be really out of touch with maybe their core consumers," he said. "This is the time in my view— and I guess a lot of other people's view— to redouble their commitment to Champion." 2416
CDC Director Robert Redfield stated on Thursday during the first White House coronavirus task force briefing held since July that schools should remain open during the pandemic, despite a number of major school districts going virtual only in recent weeks.This week, New York City became the latest major school district to close building amid a surge in cases across the country.“Today, there is extensive data that we have gathered over the last two to three months to confirm that k-12 schools can operate with face-to-face learning and they can do it safely and they can do it responsibly," Redfield said. "The infections we have identified in the schools, when they have been evaluating, were not acquired in schools. They were acquired in the community and the household.”CDC data released in October indicated that children can spread the virus within schools, but children under the age of 10 were less likely to do so. The CDC’s data did not find a link between a rise in cases and schools reopening in the fall.Earlier this week, the American Association of Pediatrics noted that over 1 million American children have been infected with the coronavirus."We urgently need a new, nation-wide strategy to control the pandemic, and that should include implementing proven public health measures like mask wearing and physical distancing,” said AAP President Sally Goza. “This pandemic is taking a heavy toll on children, families and communities, as well as on physicians and other front-line medical teams. We must work now to restore confidence in our public health and scientific agencies, create fiscal relief for families and pediatricians alike, and support the systems that support children and families such as our schools, mental health care, and nutrition assistance.”Redfield and Vice President Mike Pence both incorrectly stated during Thursday’s White House coronavirus task force update that the CDC never recommended school shutdowns.Earlier guidance called for schools in areas with substantial community transmission (the CDC did not distinguish between uncontrolled or controlled) to, "Implement extended school dismissals (e.g., dismissals for longer than two weeks). This longer-term, and likely broader-reaching, dismissal strategy is intended to slow transmission rates of COVID-19 in the community. During extended school dismissals, also cancel extracurricular group activities, school-based afterschool programs, and large events."Dr. Elinore F. McCance-Katz, the assistant secretary for Mental Health and Substance Abuse, said there needs to be a focus on students’ mental health.“We must find a way to alleviate that stress without ignoring the fact that our nation faces the very real and deadly virus,” McCance-Katz said. “The work of schools and the school personnel do daily is valuable beyond any words I can deliver. In addition to education, schools provide their children a profound sense of security and stability for the structure and safety of schools are an integral role of health.”McCance-Katz added that teachers and staff need to feel safe when going to schools, and that communities must do what is needed to minimize community spread.“We must use masks and we must enforce social distancing, we must employ creative and innovative ways to limit the number of children in a building at any given time. There are tools we have and we must think through help us to use them to keep our schools open,” she said. 3466
CARLSBAD, Calif. (KGTV) -- The longest-serving mail carrier in Carlsbad is set to retire Friday after 58 years of service.Mack Mata Jr. will be recognized Friday in front of his peers and family.“It’s not often we celebrate an employee who has served the Postal Service for 58 years,” said Postmaster Cindy Gibson.In the fall of 1960, Mata and his fiancée were downtown when she saw a “help wanted” sign in the window of the post office. After applying and completing a test, Mata was sworn in as a postal employee in Carlsbad in November of the same year.Mata recalled his fond memories at the office, saying he would watch kids grow up and move away only to return and become his customers.Mata also remembers the time he saved a woman along his route. “One day, something told me I should check on her and sure enough, I found her lying on the ground after she had fallen and couldn’t get up. She said, ‘I knew you’d eventually show up to help me.'A lot has changed since then. Mata says he used to make special deliveries on his bicycle and stamps only cost four cents.Mata is now married to Sheila Mata, who works at the Vista Post Office, has two sons, four grandchildren and plans to spend lots of time gardening and traveling with his wife after retirement. 1278
Catastrophic wildfires continue to ravage California, as one blaze nearly doubled in size over the last three days, making it the largest in the state's history.No one has been injured in the Mendocino Complex Fire, which consists of two fires -- the Ranch Fire and the River Fire -- burning around Clear Lake, in several counties in Northern California.Combined, they form the biggest blaze that California firefighters are currently battling. Altogether, the Mendocino Complex Fire has burned 283,800 acres -- growing about 80% since Friday night. As of Monday evening, it was 30% contained and had destroyed 75 residences.The Mendocino Complex Fire has now surpassed last year's Thomas Fire, which burned 281,893 acres in Ventura and Santa Barbara counties, as the largest fire in Cal Fire history.Exhausted firefighters across the state are trying to contain 16 major fires that are burning in hot, dry and windy conditions.On Monday, another fast-moving fire ignited in the state -- this time in Orange County, where firefighters battled the Holy Fire that expanded to more than 4,000 acres. That fire started in the Cleveland National Forest and evacuations in the nearby areas have been ordered, according to the Orange County Fire Authority.Trump blames California's 'bad environmental laws'In Northern California's Shasta County, the devastating Carr Fire claimed its seventh victim Saturday when a Pacific Gas & Electric worker died while working with a crew to restore power, utility spokesman J.D. Guidi said.Over the weekend, the White House approved a disaster declaration for Shasta County, allowing affected residents from the Carr Fire to apply for federal disaster assistance such as temporary housing, home repairs and other programs.At the same time, President Donald Trump blamed the state's environmental laws for the wildfires."California wildfires are being magnified & made so much worse by the bad environmental laws which aren't allowing massive amount of readily available water to be properly utilized," he tweeted Sunday. "It is being diverted into the Pacific Ocean. Must also tree clear to stop fire spreading!"It wasn't immediately clear what California laws Trump was referring to. Henri Grissino-Mayer, a geography professor at the University of Tennessee, said he had "no clue" what Trump was referring to in his tweet."California does NOT divert water to the ocean," he told CNN in an email. "Ridiculous. It's true that water is diverted to the coastal cities for a constant water supply but all such water is used by the coastal communities."More than 14,000 firefighters are battling the wildfires across California."Battling these relentless fires requires a Herculean effort," California Gov. Jerry Brown had written in his request to Trump for a presidential major disaster declaration.Fire crews from Australia and New Zealand arrived in California to help. They came to Redding, on Monday, according to the US Forest Service-Pacific Southwest Region.Parts of Redding were damaged by the Carr Fire, which has burned more than 164,413 acres. The fire was 47% contained as of late Monday, according to Cal Fire.The Carr Fire, now in its third week, is the sixth most destructive in the state's history, having destroyed more than 1,600 structures, according to Cal Fire.Parts of Yosemite National Park closed indefinitelyAnother major fire also burning in Northern California, the Ferguson Fire, extended into its third week.This fire has killed two people and injured 11 others. And it prompted the indefinite closure of some of the most popular parts of Yosemite National Park, officials announced on Sunday."Over the past 48 hours, fire has impacted all of the roads used to access Yosemite Valley, burning dead and downed trees that can become very explosive and fall without warning," according to the National Park Service.Yosemite Valley is home to some of the most famous destinations of the park."There are also significant terrain hazards for firefighters. These hazards, along with extreme fire behavior and frequent weather changes, have made this an extremely difficult fire fight," according to the NPS statement.The Ferguson Fire started on July 13. Of the 94,331 acres burned, firefighters have contained 39%, according to authorities.The-CNN-Wire 4320
CHICAGO, Ill. – A new law in Illinois allows prosecutors to charge you with aggravated battery if you assault a retail worker who’s enforcing mask requirements.The enhancement is part of a bill that Gov. JB Pritzker signed into law to expand workplace protections and support essential workers during the COVID-19 pandemic.Senate Bill 471 adds a penalty for assaulting or battering a retail worker who is conveying public health guidance, such as requiring patrons to wear face-coverings or promoting social distancing.The bill amends Illinois’ criminal code and provides that battery of a merchant is aggravated battery, which is normally a felony in the state.“This provision sends the message that it’s vitally important for workers to be both respected and protected while serving on the frontlines,” the governor’s office wrote in a press release.The legislation comes after several reports of people attacking workers who ask them to wear masks, like a recent instance at a New Jersey Staples store.The law also increases paid disability leave for any injury that occurs after March 9, 2020 by 60 days for firefighters, law enforcement and paramedics whose recovery was hindered by COVID-19. 1205